AFR - AFGRI Limited - Cautionary announcement relating to the potential
AFR
AFR
AFR - AFGRI Limited - Cautionary announcement relating to the potential
acquisition by AFGRI Operations Limited of the yellow maize milling business of
Pride Milling Company (Proprietary) Limited
AFGRI Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1995/004030/06
ISIN: ZAE000040549
JSE share code: AFR
("AFGRI" or "the Company")
CAUTIONARY ANNOUNCEMENT RELATING TO THE POTENTIAL ACQUISITION BY AFGRI
OPERATIONS LIMITED ("AOL") OF THE YELLOW MAIZE MILLING BUSINESS OF PRIDE MILLING
COMPANY (PROPRIETARY) LIMITED ("PRIDE")
Shareholders are advised that AOL, a wholly owned subsidiary of AFGRI, is in
negotiations with Pride, which negotiations, if successful, will result in the
acquisition by AOL of the yellow maize milling business of Pride ("the Proposed
Transaction").
If implemented, the Proposed Transaction will strengthen AFGRI`s industrial
food processing capability, in line with AFGRI`s strategy to expand further into
the food industry.
As the Proposed Transaction may have a material effect on the price of AFGRI`s
shares, AFGRI shareholders are advised to exercise caution when dealing in their
AFGRI shares. A further detailed announcement will be made once definitive
transaction agreements have been concluded between AOL and Pride.
Centurion
1 March 2011
Sponsor
Investec Bank Limited
Transactional Attorneys
Webber Wentzel
Date: 01/03/2011 14:00:19 Produced by the JSE SENS Department.
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